CCoSOEs approves appointment of Shahid as NESPAK board chief

ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs) on Tuesday approved the appointment of former caretaker minister Shahid Ashraf Tarar as chairman of the National Engineering Services Pakistan (NESPAK) Board, the reconstitution of the Hyderabad Electric Supply Company (HESCO) Board, and the appointment of an independent director to the Sukkur Electric Power Company (SEPCO) Board.

A meeting of the CCoSOEs was held under the chairmanship of Federal Minister for Finance and Revenue Muhammad Aurangzeb at the Finance Division. Federal Minister for Science and Technology Khalid Hussain Magsi also attended the meeting, along with relevant federal secretaries and senior representatives of various ministries, divisions and regulatory bodies.

According to official sources, the reconstituted HESCO Board will include five independent directors: Ali Raza Talpur, Fareed-ud-Din Sheikh, Syed Shayan Shah, Mohb Ali Khichi and Muhammad Liaqat.

Meanwhile, Arif Hussain Jakhrani has been appointed as an independent director on the SEPCO Board, while Shahid Ashraf Tarar, former caretaker federal minister, has been appointed Chairman of the NESPAK Board.

The Committee deliberated on the proposals relating to the appointment of the NESPAK chairman/independent director, reconstitution of the HESCO Board and appointment of an independent director to the SEPCO Board before approving them.

The Finance Minister emphasised that government representatives serving as ex officio directors on the boards of state-owned enterprises should be appropriately placed, competent, and possess the requisite experience and institutional understanding to effectively represent their respective divisions.

Copyright Business Recorder, 2026